Treasury Secretary Mnuchin to lead United States trade talks with China

Trump administration officials are gearing up for a new round of trade talks with Chinese officials at the White House on Thursday after a USA trade delegation traveled to China earlier this month.

Trump said in tweets on Wednesday that "nothing has happened" with China's ZTE Corp and that Beijing has "much to give" Washington on trade, denying suggestions that his administration was "folding" in negotiations with Beijing. The White House official said Larry Kudlow, director of the National Economic Council, will attend as well. Liu is now in Washington, D.C., for meetings and is expected to meet with White House officials Thursday and Friday.

The administration officials said Navarro wasn't a team player when the US sent a delegation led by Mnuchin earlier this month to Beijing to meet with Liu. "China has much to give!" Navarro is participating in some of the meetings this week, but Mnuchin has established himself as the key negotiator.

Navarro has expressed hawkish views on Chinese trade policies in the past, even writing a book titled "Death by China". Last year, some White House economic advisers sought to keep Navarro away from the president until Trump reportedly began asking for him during high level meetings.

Versions of their disagreement were first reported Wednesday by Bloomberg and Axios.

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Trump administration trade advisor Peter Navarro will reportedly not be taking part in discussions with top Chinese economic advisor Liu He on Thursday, in another sign that momentum is building for the U.S. and China to strike a deal and avert a costly tariff battle.

But there have been signs China is seeking to add a number of unrelated measures to the trade talks, and Trump has shown a willingness to entertain them.

The company faced collapse as a result and Mr Trump said on Sunday he and Chinese President Xi Jinping were exploring ways to get the company "back into business fast", and ordered the Commerce Department to take action. White House officials knew that China wanted restrictions to be loosened, but the fate of this company had not been part of the White House's original negotiating platform.

Liu, who is China's top economic official, told USA lawmakers on Wednesday that he would work hard to address the U.S.

Members of the trade - and tax-focused U.S. House of Representatives' Ways and Means Committee said they told Liu that he needed to address U.S. concerns about intellectual property theft, forced technology transfers, and barriers to investment in China and U.S. agricultural exports. But the status of these meetings remains in flux, one senior administration official said, and more names could be added, particularly if Trump intervenes. Navarro's shift away from a lead role in the talks comes amid a growing rift over trade policy with Mnuchin, who has favoured more achievable deals to open China's economy to US firms and ease tariff threats.

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